today ethereum is down more than 15%. I wonder why this happened. is it possible because of the high cost of GAS? or for some other reason. I didn't find any news that caused the situation to turn out badly like this. this happened suddenly, is it safe, Will ethereum go back to $400?
I don't think that Gas issue is the reason about this because i remember every time that Bitcoin ha Congestion and High fees for withdrawal,the Value
of the said coins doesn't fell to 15% so i think it is not the reason.
https://www.coindesk.com/market-wrap-bitcoin-ethereum-minersas what said,Bitcoin fall then ethereum will follow.
Looking at the atmosphere of the last 2 months, where the DeFi system came in the middle of the crypto business, then I believe will be the success of the project and the good price of altcoin in the market. ETH and BTC prices that greatly affect the conditions of market participants in making decisions.
Both will always go together,as these currencies may last long in rank 1 and 2.
Defi will subside soon,or maybe many coins will die from that platform,Only the legit will remain so lets look which is that coins.